For Sale
$475,000

1116 National St Las Vegas, NM 87701

Charming Downtown Office, Retail Potential

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
139
This unique two-story stucco building, located at 1116 National in the historic heart of Las Vegas, New Mexico (zip code 87701), presents a compelling investment opportunity. Priced at $475,000, this property offers approximately 1 square foot of office space on the first floor, ideal for a variety of uses, including executive offices or retail. Large windows flood the space with natural light, creating a bright and inviting atmosphere. The second floor, while not explicitly detailed in square footage, offers potential for conversion into living quarters, adding significant versatility. The property includes a backyard featuring a small cottage, providing additional space and potential for expansion or rental income. Convenient access to a back alley is also available. A ramp is situated on the side of the building, enhancing accessibility. It's important to note that there is an encroachment between this building (1116 National) and the adjacent property at 1118 National, situated on the boundary lines. This property is situated in San Miguel County and offers a blend of historical charm and modern adaptability, making it a rare find in the vibrant downtown area. The property's unique features and central location make it an attractive option for both business owners and investors seeking a distinctive property in a desirable location. Further investigation into the encroachment is recommended.

Highlights

  • $475,000 two-story stucco building at 1116 National, Las Vegas, NM 87701.
  • First floor offers approximately 1,000 square feet of office space, suitable for retail or executive offices.
  • Second floor offers potential for conversion to living quarters.
  • Includes a backyard with a small cottage.
  • Features convenient back alley access and a side ramp.
  • Encroachment exists between 1116 and 1118 National; further investigation recommended.

Property Details for 1116 National St

Property type
Retail properties, Office properties
Square Feet
1 SF
Stories
2

Location Insight

City
Las Vegas
County
San Miguel
State
New Mexico
Latitude
35.5939574
Longitude
-105.2238868

FAQs

What type of property is this?
Retail property - Charming Downtown Office, Retail Potential
Where is the retail property located?
The property is located at 1116 National St Las Vegas, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: $475,000 two-story stucco building at 1116 National, Las Vegas, NM 87701.; First floor offers approximately 1,000 square feet of office space, suitable for retail or executive offices.; Second floor offers potential for conversion to living quarters.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1116 National St
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